Romeoville On Solid Financial Footing, Faces Bright Future, Noak Says

ROMEOVILLE, IL — Romeoville’s retail climate continues to help place the village on solid financial footing after local businesses reported $114 million more in sales over a year ago, Mayor John Noak said on Wednesday.

Noak delivered his annual State of the Village address on Wednesday at Mistwood Golf Club and said that Romeoville remains moving in a positive direction. In addition to the uptick in retail business, the mayor cited another balanced village budget and an increase in assessed value, which rose to $1.39 million, the mayor said in Wednesday’s address.

All of the positive steps led to the village lowering its portion of residents’ property tax bill, which is further evidence, Noak said Wednesday, that the village’s economy remains in good shape. Noak also cited job creation numbers from the past year, which included 742 new jobs in the village being created while Romeoville also saw an increase in the number of residential units being built locally.

All of the progress has come even after the COVID-19 pandemic in 2020 that hampered local economies and threw life as local residents know it into a tailspin. Despite the difficulties brought on by the pandemic, Noak said that the village remains poised for more positivity.

“Romeoville has shown little to no lingering effects from the challenges of 2020,” Noak said. “We continue to move ahead and position ourselves for a strong future. New transportation infrastructure will serve us for years to come, our population is growing, our business offerings multiplying, and our financial base secure. It’s a great time to live and work in Romeoville.”

As part of Wednesday's address, Noak praised a number of local departments, including the police department's continued commitment to serving the community. In addition, he cited the village's recent partnership with the Regional Water Commission that will supply Romeoville with Lake Michigan water, which is expected to take place by 2030, along with numerous park projects that are being completed throughout the community.

Noak also said Wednesday that the I-55-Weber Road project is expected to be completed this summer and that other upcoming transportation projects— including the 135th Street improvements and the expansion of Weber Road from Airport Road to Romeo Road remain in progress.

Much of the village’s success is based, the mayor said, on on-going development and new projects that can be found along both main corridors throughout the village. Noak pointed to an array of new business ventures which include projects along the Weber Road corridor that include Burger King, Freddy's Steakburgers, and Belle Tire, and along the Route 53 corridor.

The mayor said that residents will soon see Jimmy John’s, a new retail development, and Taco Bell along with two hotels including Towneplace Suites and Hilton Tru.